Illinois Tax Credits
Key Success Factors
Application
Applications must be filed with the State at least 24 hours prior to principal photography
Spend Requirements
$50,000
CPA Audit Required?
Yes
Loan-Out:
Registration/
Withholding
Registration/
Withholding
No / Yes (non resident loan outs)
Residency
IL residents qualify. And up to 13 non-residents in the following roles: Director, Writer, Director of Photography, Production Designer, Costume Designer, Production Accountant, VFX Supervisor, Editor, Composer, and up to 4 Actors
Program Limits
Production Cap
None
Program Cap
No annual limit. Program sunsets in 2039
Payroll Cap
$500,000 per hire
Program Highlights
Tax Credit Type
Transferable tax credit
Tax Credit Amount
30-60%
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